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Results: [Investor Type 5]

Attention!

For those interested in long-term investments, I now wholeheartedly recommend Bitcoin as the primary option to consider.

However, it’s essential to educate yourself about this digital asset before diving in, as it can take time to fully grasp its intricacies and potential.

A fantastic starting point is the book “The Bitcoin Standard” (Amazon), which provides an in-depth look at the history, principles, and technology behind Bitcoin.

Once you’re ready to invest, most major exchanges offer similar fees and services, so choose one that best suits your needs. Personally, I use Crypto.com.

It’s crucial to transfer your Bitcoin to a secure wallet once you’ve made your purchase, as leaving it on an exchange can pose risks.

To truly make the most of your investment in Bitcoin, take the time to study and understand its workings. Your financial journey will benefit from a well-informed approach.

I wish you the best in your endeavors.

Sincerely

Michael J. Peterson

 

 

 

 

 

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You are here because

  • You want to invest an amount between $5,000 and $50,000.
  • You just want to set up your investment goals and let the robo do the work for you.
  • You are fine with regular support

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Results

We think that Betterment, Wealthfront or Ellevest all make for great choices. Our favorite is Wealthfront as it is the only service that doesn’t increase the management fee when you hit a certain threshold.

Please review all the details thoroughly and be aware of all the pros and cons when it comes to making your final decision.

Low Cost
logo of betterment
Our Pick
wealthfront-best-for-low-fees
For Women
Ellevest-best-for-women
Betterment (Digital Plan)
Wealthfront
Ellevest (Digital Plan)
Management Fee
0.25%
0.25%
0.25%
Account Minimum
$0
$500
$0
Portfolio
ETFs from about 12 asset classes. The user can choose between a recommendation or decide the percentage of portfolio in each investment.
ETFs from 11 different asset classes
Depending on the portfolio you choose, the mix will include 20 to 27 ETFs. Customization possible
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Betterment uses a goal-based investment approach. The service is great, it is easy to use and very beginner friendly. It is also the largest independent robo-advisor. The only downside is that fees increase once you hit $100,000.
Investors who are looking for a low-cost, hands-off investing approach. The service is completely software-based so if you are looking for a dedicated human advisor it would be better to look elsewhere. It stands out not only due to its low fees but also due to their "Path Algorithm". The Algorithm will help you keep track on your goals.
Ellevest specifically has the needs and challenges of female investors in mind. If you want a goal based investing platform with the option to contact certified financial advisors and career coaches, Ellevest is it.
Low Cost
logo of betterment
Betterment (Digital Plan)
Management Fee
0.25%
Account Minimum
$0
Portfolio
ETFs from about 12 asset classes. The user can choose between a recommendation or decide the percentage of portfolio in each investment.
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Betterment uses a goal-based investment approach. The service is great, it is easy to use and very beginner friendly. It is also the largest independent robo-advisor. The only downside is that fees increase once you hit $100,000.
Our Pick
wealthfront-best-for-low-fees
Wealthfront
Management Fee
0.25%
Account Minimum
$500
Portfolio
ETFs from 11 different asset classes
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Investors who are looking for a low-cost, hands-off investing approach. The service is completely software-based so if you are looking for a dedicated human advisor it would be better to look elsewhere. It stands out not only due to its low fees but also due to their "Path Algorithm". The Algorithm will help you keep track on your goals.
For Women
Ellevest-best-for-women
Ellevest (Digital Plan)
Management Fee
0.25%
Account Minimum
$0
Portfolio
Depending on the portfolio you choose, the mix will include 20 to 27 ETFs. Customization possible
Rebalancing
Tax Loss Harvesting
Fractional Shares
Automatic Deposits
Socially Responsible Investing
Ellevest specifically has the needs and challenges of female investors in mind. If you want a goal based investing platform with the option to contact certified financial advisors and career coaches, Ellevest is it.

If you are still unsure about which robo to go for, the following articles may be of interest:

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